Green Solvents Market Size - By Product, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Green Solvents Market Overview
According to SPER Market Research, the Global Green Solvents Market is estimated to reach USD 4.17 billion by 2032 with a CAGR of 8.77%. Green solvents are made from agricultural products such as corn, sugarcane, lactic acid, refined glycerin, bio succinic acid, soybean oil, and others. Acetone, ethanol, methanol, 2-propanol, ethyl acetate, isopropyl acetate, methyl ethyl ketone, 1-butanol, tert-butanol, and others are the least toxic solvents. They are used as intermediates in the production of a variety of products, including detergents, cosmetics, paints and coatings, inks, adhesives and sealants, pharmaceuticals, and others.
Impact of COVID-19 on the Global Green Solvents Market
COVID-19 has temporarily halted several construction projects, reducing market demand in the building and construction industries. Nonetheless, increased medication sales have fuelled the rise of the pharmaceutical industry, where bio-based solvents are commonly employed as intermediates in drug formulations. This is expected to boost the performance of the green/bio-based solvents industry following the COVID-19 scenario. Because of its reliance on paints and coatings, ink production, adhesives and sealants, and other industries, the green/bio-based solvents business has suffered as a result of the COVID-19 epidemic.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Product, By End Use
Regions covered Asia Pacific, Europe, Middle East and Africa,North America, Latin America
Companies Covered BASF SE, DuPont, Dow, Cargill, Incorporated, Gevo, AkzoNobel, LyondellBasell N.V.
Global Green Solvents Market Segmentation:
By Product: Based on the Product, Global Green Solvents Market is segmented as; Bio-Alcohol, Bio-Glycols, Lactate Esters, D-Limonene, Methyl Soyate, Others
By End Use: Based on the End Use, Global Green Solvents Market is segmented as; Chemical Intermediate, Pharmaceuticals, Printings Inks, Paints and Coating, Cosmetics & Personal Care, Others
By Region: This is due to an increase in demand for greener solvents, which has compelled politicians and the government to replace old petroleum-based solvents with more environmentally friendly alternatives.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER’s internal database
- 2.1.4 Premium insight from KOL’s
- 2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
- 2.3 Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
- 4.2. COVID-19 Impacts of the Global Green Solvents Market
- 5. Market variables and outlook
- 5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
- 5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
- 5.3. PORTER’S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
- 5.4. Heat map analysis
- 6. Competitive Landscape
- 6.1 Global Green Solvents Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Green Solvents Market
- 7. Global Green Solvents Market, By Product, 2019-2032 (USD Million)
- 7.1 Bio-Alcohol
- 7.1.1 Bio-Ethanol
- 7.1.2 Bio-Menthol
- 7.1.3 Others bio-Alcohols
- 7.2 Bio-Glycols
- 7.3 Lactate Esters
- 7.4 D-Limonene
- 7.5 Methyl Soyate
- 7.6 Others
- 8. Global Green Solvents Market, By End Use, 2019-2032 (USD Million)
- 8.1 Chemical Intermediate
- 8.2 Pharmaceuticals
- 8.3 Printings Inks
- 8.4 Paints and Coating
- 8.5 Cosmetics & Personal Care
- 8.6 Others
- 9.Global Green Solvents Market, By Region, 2019-2032 (USD Million)
- 9.1 Global Green Solvents Market and Market Share by Region (2019-2025)
- 9.2 Global Green Solvents Market and Market Share by Region (2026-2032)
- 9.3 Asia-Pacific
- 9.3.1 Australia
- 9.3.2 China
- 9.3.3 India
- 9.3.4 Japan
- 9.3.5 South Korea
- 9.3.6 Rest of Asia-Pacific
- 9.4 Europe
- 9.4.1 France
- 9.4.2 Germany
- 9.4.3 Italy
- 9.4.4 Spain
- 9.4.5 United Kingdom
- 9.4.6 Rest of Europe
- 9.5 Middle East and Africa
- 9.5.1 Kingdom of Saudi Arabia
- 9.5.2 United Arab Emirates
- 9.5.3 Rest of Middle East & Africa
- 9.6 North America
- 9.6.1 Canada
- 9.6.2 Mexico
- 9.6.3 United States
- 9.7 Latin America
- 9.7.1 Argentina
- 9.7.2 Brazil
- 9.7.3 Rest of Latin America
- 10.Company Profiles
- 10.1 BASF SE
- 10.1.1 Company details
- 10.1.2 Financial outlook
- 10.1.3 Product summary
- 10.1.4 Recent developments
- 10.2 DuPont
- 10.2.1 Company details
- 10.2.2 Financial outlook
- 10.2.3 Product summary
- 10.2.4 Recent developments
- 10.3 Dow
- 10.3.1 Company details
- 10.3.2 Financial outlook
- 10.3.3 Product summary
- 10.3.4 Recent developments
- 10.4 Cargill
- 10.4.1 Company details
- 10.4.2 Financial outlook
- 10.4.3 Product summary
- 10.4.4 Recent developments
- 10.5 Incorporated
- 10.5.1 Company details
- 10.5.2 Financial outlook
- 10.5.3 Product summary
- 10.5.4 Recent developments
- 10.6 Gevo
- 10.6.1 Company details
- 10.6.2 Financial outlook
- 10.6.3 Product summary
- 10.6.4 Recent developments
- 10.7 AkzoNobel
- 10.7.1 Company details
- 10.7.2 Financial outlook
- 10.7.3 Product summary
- 10.7.4 Recent developments
- 10.8 LyondeBasell N.V
- 10.8.1 Company details
- 10.8.2 Financial outlook
- 10.8.3 Product summary
- 10.8.4 Recent developments
- 11.List of Abbreviations
- 12.Reference Links
- 13.Conclusion
- 14.Research Scope
Research Assistance
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